[Delio] Web 3.0 will Lead Bitcoin To 500M? <Economic Warfare> — Crypto Talk with Experts
How soon the crypto winter will come to its end opening the door to the new wave of digital currency market enhancement?
The benefits and drawbacks of the fact that the worst of the downturn in Bitcoin, the decline of the overall crypto market capitalization, and crypto asset bills launch is still up for debate.
In this post, we would like to review <Economic Warfare>, a Korean YouTube show on the global crypto market from the Korean financial experts’ perspective.
What do Korean crypto experts think of the current situation and Bitcoin in general?
Bitcoin can unlock new opportunities in the Web 3.0 era playing the key role as a leading currency
Taking a single Bitcoin as an example, it is obvious that Bitcoin is currently the only coin amongst other digital assets that can be both decentralized and utilized as a payment mechanism.
As the Metaverse world grows, the crypto market moves toward the need for coins that can function as a reserve currency just like the dollar.
Bitcoin, which is presently widely trusted by millions in the crypto market, will take a significant part in this era future’s trend. According to Ahn YU-Hwa, a Korean crypto expert, the price of Bitcoin is currently half below its peak and will be likely to be increased significantly in the future.
What run the crypto world? Web 3.0! Hot potato in the cryptocurrency industry
Web3 has become a catch-all term for the vision of a new, better internet.
But are there any underlying reasons for Web 3.0 to run the crypto world where Bitcoin value burns out other assets?
Let’s take a brief look at the concept of Web3 from the Internet evolution side.
The era of the “first” Internet introduced a device that was primarily used as PCs.
The Web 1.0 era used a read-only approach which allowed only pursuing and receiving the information on Internet web pages.
When the world first saw the Web 2.0 era, the technology of which enabled us to read-write using PC and mobile devices.
The representative Web 2.0 platforms at the time that the idea of uploading and storing data via the cloud first emerged were YouTube and Facebook, recreating new platforms to generate revenue.
On the other hand, the Web 3.0 era allows users to read, write and interact with the Internet community.
The essential characteristic that sets it apart from the Web 1.0 or Web 2.0 eras is ownership or wealth generation. Consequently, Web 3.0 is a technology that enables Internet users to put into place an online ecosystem in which the digital data enable the online existence and the information users put to be traded and value generated.
If you wish to learn more about Web 3 features, make sure you read our article:
What does this mean for Web 3.0 to pursue the decentralized system?
The biggest difference between Web 3.0 and Web 2.0 is lying in the data ownership and its operation.
To be more specific, DAO, a shortened version for Decentralized Autonomous Organization, enters the game. DAO is an organization constructed by rules encoded as a computer program that is often transparent, controlled by the organization’s members, and not influenced by a central government. This means that now DAO makes public participation and interaction possible while leaving the decision-making to users.
How can Web 3.0 influence the Metaverse?
Following the Web 3.0 concept, Metaverse can be left out of the game as a completely new place of the Internet experience introducing Metanomics (a split version for Metaverse and Economics) with the further development of online jobs, assets, marketplaces, and traders that engage across a variety of online platforms that have recently emerged alongside the virtual digital economy.To get the full insights, please refer to the original video (you can turn subtitles on):
(KOR) https://www.youtube.com/watch? v=gCNXzjMdTkI
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